Professional Adviser is delighted to announce the launch of the new Working Lunches in partnership with Baillie Gifford and First State Investments. Travelling across the UK to provide valuable market insights for Senior Financial Advisers.

GMO Woolley plans sub-fund launches

GMO Woolley, the institutional deep value fund manager, is to launch pan-European core and Global Oeic equity sub-funds in the next quarter. The funds will have a mandate of outperforming their respective benchmarks by 2% per annum. GMO has also scrapped plans to add retail share classes to its existing six Oeic sub-funds, owing to the group's lack of retail brand and distribution capabilities. The new funds will also carry £500,000 minimum investment levels.